The Venture Edge

 Recently I wrote about how tired I was of everyone bashing private equity firms. The bashing was accelerated by the fact that Republican presidential candidate Mitt Romney had been a principal in Bain Capital, a private equity firm.  Now that the media and Mr. Romney’s opponents have moved on to greener pastures, for the moment, I’m reading about states that are removing the tax credits for angel investors in qualified investments because startups don’t create enough jobs.  Is there anyone out there in government who understands how startups work?